Bill S3834-2011

Relates to the economic development fund

Relates to the economic development fund; provides assistance to biosciences research institutions and organizations based on a competitive basis to develop curriculum and administer bioscience specific training programs for current and prospective industry employees.

Memo

BILL NUMBER:S3834

TITLE OF BILL: An act to amend the New York state urban development corporation act, in relation to the economic development fund

PURPOSE: This bill would create new purposes for the economic development fund to help fund Biosciences curriculum development and workforce training, as well as facility improvement in accordance with federal regulations.

SUMMARY OF PROVISIONS: This bill would amend Subdivision 1 of section 16-m of chapter 174 of the laws of 1968, constituting the New York state urban development corporation act, by adding new paragraphs to provide funds to biosciences research institutions and organizations on a competitive basis to develop curriculum and administer bioscience specific training programs for current and prospective industry employees. The bill would also provide assistance to businesses that conduct basic, applied or translational research that leads to the development of products that improve human health or agriculture and that require approval by the federal food and drug administration based on compliance with federal Good Manufacturing Practice Regulations.

JUSTIFICATION: Bioscience-based industries such as those manufacturing medical devices hold an important place in clusters of the knowledge- based economy in New York State. In roundtable discussions hosted by the Task Force on University-Industry Cooperation and the Commission on Science and Technology, participants called for new legislative initiatives that benefit the biosciences industry. It was noted that the biosciences are and are likely to continue to be very important in New York State, and that New York continues to be a leader in attracting research for biosciences research.

LEGISLATIVE HISTORY: 2009-10: S.1147; 2007-08: S.7840

FISCAL IMPLICATIONS: None.

EFFECTIVE DATE: Immediately, with provisions.

Text

STATE OF NEW YORK
________________________________________________________________________
3834
2011-2012 Regular Sessions
IN SENATE
March 7, 2011
___________

Introduced by Sen. LAVALLE -- read twice and ordered printed, and when
printed to be committed to the Committee on Corporations, Authorities
and Commissions
AN ACT to amend the New York state urban development corporation act, in
relation to the economic development fund
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Paragraph (k) of subdivision 1 of section 16-m of section 1
of chapter 174 of the laws of 1968, constituting the New York state
urban development corporation act, as added by section 4 of part FF of
chapter 59 of the laws of 2006, is amended and two new paragraphs (1)
and (m) are added to read as follows:
(k) Assistance for regional partnership proposals, as provided in
subdivision 12 of section 3154 of the public authorities law[.];
(1) ASSISTANCE TO BIOSCIENCES RESEARCH INSTITUTIONS AND ORGANIZATIONS
ON A COMPETITIVE BASIS TO DEVELOP CURRICULUM AND ADMINISTER BIOSCIENCE
SPECIFIC TRAINING PROGRAMS FOR CURRENT AND PROSPECTIVE INDUSTRY EMPLOY-
EES, IN CONSULTATION WITH THE NEW YORK STATE FOUNDATION FOR SCIENCE,
TECHNOLOGY AND INNOVATION ESTABLISHED PURSUANT TO ARTICLE 10-A OF THE
PUBLIC AUTHORITIES LAW. FOR THE PURPOSES OF THIS PARAGRAPH, THE TERM
BIOSCIENCES RESEARCH SHALL INCLUDE, BUT NOT BE LIMITED TO, THE BASIC,
APPLIED, OR TRANSLATIONAL RESEARCH THAT LEADS TO THE DEVELOPMENT OF
THERAPEUTICS, DIAGNOSTICS, OR DEVICES, TO IMPROVE HUMAN HEALTH OR AGRI-
CULTURE AND THAT REQUIRE FEDERAL DRUG ADMINISTRATION APPROVAL;
(M) ASSISTANCE TO BUSINESSES THAT CONDUCT BASIC, APPLIED OR TRANSLA-
TIONAL RESEARCH THAT LEADS TO THE DEVELOPMENT OF PRODUCTS THAT IMPROVE
HUMAN HEALTH OR AGRICULTURE AND THAT REQUIRE APPROVAL BY THE FEDERAL
FOOD AND DRUG ADMINISTRATION, IN ORDER TO CREATE OR EXPAND FACILITIES,
IN ACCORDANCE WITH GOOD MANUFACTURING PRACTICE REGULATIONS, THAT WILL
CREATE OR RETAIN MORE THAN FIFTY JOBS. FOR PURPOSES OF THIS PARAGRAPH,
GOOD MANUFACTURING PRACTICE REGULATIONS REFERS TO THOSE REGULATIONS

EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD09916-01-1

S. 3834 2

PROMULGATED BY THE UNITED STATES FOOD AND DRUG ADMINISTRATION UNDER THE
AUTHORITY OF THE FEDERAL FOOD, DRUG AND COSMETIC ACT.
S 2. This act shall take effect immediately; provided, however, that
the amendments to section 16-m of the urban development corporation act
made by section one of this act shall not affect the repeal of such
section and shall be deemed repealed therewith.

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